Lithuania: Athletic Footwear Market 2024

Athletic Footwear Market Size in Lithuania

The Lithuanian athletic footwear market reduced to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Athletic Footwear Exports

Exports from Lithuania

After two years of growth, overseas shipments of athletic footwear decreased by X% to X pairs in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X pairs in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, athletic footwear exports reached $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X pairs), Poland (X pairs) and Hong Kong SAR (X pairs) were the main destinations of athletic footwear exports from Lithuania, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for athletic footwear exported from Lithuania were Poland ($X), Hong Kong SAR ($X) and Belgium ($X), with a combined X% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of X.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average athletic footwear export price stood at $X per pair in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per pair in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per pair), while the average price for exports to Latvia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Lithuania

Athletic footwear imports into Lithuania dropped to X pairs in 2022, which is down by X% compared with the previous year. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X pairs in 2021, and then shrank in the following year.

In value terms, athletic footwear imports reduced to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Poland (X pairs), Germany (X pairs) and Estonia (X pairs) were the main suppliers of athletic footwear imports to Lithuania, together comprising X% of total imports. Latvia, Austria and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of athletic footwear to Lithuania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Estonia (X% per year).

Import Prices by Country

In 2022, the average athletic footwear import price amounted to $X per pair, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per pair in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per pair), while the price for Germany ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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